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8412 Greystone Court Plano, TX 75025

4 Beds 4 Baths 3,157 sqft Built 1996

$479,000

List Price

$2,770

$2.5K - $3K

Rent Est.

PROPERTY INFO

January 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $151.73
  • 1 Days on Market
  • MLS # : 14505321
  • Updated Date : 01/24/2021 at 00:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,157 sqft
  • Baths : 3 full , 1 half
Listing Agent

Monument Realty

Listing Agent's Description

WHAT A YARD! Close to ½ acre in Plano situated on a quiet cul-de-sac! This former 4 bed 3.5 bath 3-car garage Drees model home is in a prime neighborhood that enjoys proximity to area shopping & dining. This home has so much to offer. Make it your own. Fabulous open layout w all the right spaces. Enjoy gathering w family & friends in the generous sized living area w functional open concept space. Kitchen awaits your inner chef w ample cabinet space, breakfast bar & more. Two fireplaces, 1 in living room, 1 in the master. Who wouldn’t love a fireplace in the master? Secondary bedroom w ensuite & study area, as well as two other bedrooms & game room w built in study area upstairs. Make your appointment today!

SEE MORE

MARKET HIGHLIGHTS

  • Dallas metro contributes to 31.9%% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)
  • Dallas metro has 67.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)
  • Dallas metro's economy is worth $579 billion in Gross Metro Product and projected to grow to $613 billion in 2019 (USMayors.org, 2018)
  • Home to 20 Fortune 500 headquarters, 39 Fortune 1000 headquarters and 12 of Forbes' top private companies (Fortune)

PRICE & RENT TRENDS

Neighborhood: Highland Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k575k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Highland Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $11263378

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Wyatt Elementary School Primary Regular 512 36 10
Rice Middle School Middle Regular 1,176 66 10
Jasper High School High Regular 1,406 76 9

Wyatt Elementary School

  • Education Level: Primary
  • # of students: 512
  • # of teachers: 36
10
GreatSchools Rating

Rice Middle School

  • Education Level: Middle
  • # of students: 1,176
  • # of teachers: 66
10
GreatSchools Rating

Jasper High School

  • Education Level: High
  • # of students: 1,406
  • # of teachers: 76
9
GreatSchools Rating
 

$431,100$526,900$479,000

PURCHASE PRICE

$2,493$3,047$2,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,770
EXPENSES Loan Payment -$1,664
Property Tax -$815
Property Insurance -$210
HOA -$50
Property Management Fees -$99
CASH FLOW
-$67

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$479,000

PROJECTED PRICE

$2,770

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 6.6%
Maintenance Year (1-5) 8.00%
Vacancy 7.37%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$132,685

INVESTMENT

$132,685

Down Payment
$119,750
Rehab Estimate
$5,750
Closing Costs
$7,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,664

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $119,750
Loan Amount $359,250
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$16,718

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,770

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $2,549

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$2,350
1$2,3502$2,4753$2,5504$2,5505$2,770
$2,770
RENT COMPS ANALYSIS
  • 8412 Greystone Court Plano, TX 5
    • 4 beds 4 baths ∙ 3,157 Sqft ∙ Built 1996 4 beds 4 baths ∙ 3,157 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $2,770
    • $0.88
    •  
  • 4017 Norcross Drive Plano, TX 1
    • 5 beds 4 baths ∙ 2,993 Sqft ∙ Built 1990 5 beds 4 baths ∙ 2,993 Sqft ∙ Built 1990
    LEASED 08/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.79
    •  
  • 4008 River Branch Trail Plano, TX 2
    • 5 beds 4 baths ∙ 3,144 Sqft ∙ Built 1999 5 beds 4 baths ∙ 3,144 Sqft ∙ Built 1999
    LEASED 10/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,475
    • $0.79
    •  
  • 8113 Lynores Way Plano, TX 3
    • 5 beds 4 baths ∙ 3,069 Sqft ∙ Built 1997 5 beds 4 baths ∙ 3,069 Sqft ∙ Built 1997
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.83
    •  
  • 8605 Berwick Drive Plano, TX 4
    • 4 beds 4 baths ∙ 3,100 Sqft ∙ Built 1994 4 beds 4 baths ∙ 3,100 Sqft ∙ Built 1994
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.82
    •  
PROPERTY LISTING DETAILS
Ann Sowieja
Monument Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14505321
Last Updated: 01/24/2021
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